Harley-Davidson Inc (HOG) Given Consensus Recommendation of “Hold” by Brokerages

Harley-Davidson Inc (NYSE:HOG) has been assigned a consensus recommendation of “Hold” from the twenty-five research firms that are covering the stock. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $ 56.47.

A number of equities research analysts recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $ 49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 target price on shares of Harley-Davidson in a report on Tuesday, April 18th. Sanford C. Bernstein decreased their target price on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a report on Friday, April 21st. UBS Group AG reissued a “neutral” rating and issued a $ 57.00 price target on shares of Harley-Davidson in a report on Monday, April 17th. Finally, Royal Bank of Canada decreased their price target on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a report on Wednesday, April 19th.

In related news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the sale, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.99% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Dodge & Cox bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $ 517,798,000. Independent Franchise Partners LLP boosted its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp boosted its stake in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares during the last quarter. LSV Asset Management boosted its stake in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Harley-Davidson by 4.3% in the first quarter. Wellington Management Group LLP now owns 3,480,613 shares of the company’s stock valued at $ 210,576,000 after buying an additional 144,255 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://transcriptdaily.com/2017/05/11/harley-davidson-inc-hog-receives-consensus-recommendation-of-hold-from-analysts-updated.html.

Harley-Davidson (NYSE:HOG) traded down 2.13% during trading on Monday, hitting $ 55.54. 1,471,205 shares of the stock traded hands. The company has a market cap of $ 9.78 billion, a P/E ratio of 15.84 and a beta of 0.88. The firm has a 50-day moving average price of $ 58.76 and a 200 day moving average price of $ 58.62. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the previous year, the firm earned $ 1.36 earnings per share. The company’s revenue was down 15.7% on a year-over-year basis. On average, equities analysts expect that Harley-Davidson will post $ 3.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.

About Harley-Davidson

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.